J.P. Morgan Chase CEO Jamie Dimon has raised concerns about the potential for stagflation in the United States, a challenging economic scenario characterized by a confluence of high inflation, increasing unemployment, and sluggish economic growth. While not making a definitive prediction, Dimon suggested that the international tariffs previously implemented by President Donald Trump could contribute to such an outcome. “I just think there’s a chance that… you’ll have stagflation,” Dimon stated in an interview with Bloomberg during the lender’s Global China Summit. He emphasized, however, that this was a possibility, not a forecast. “I’m not saying it’s gonna happen, I don’t want the readers to say, ‘He’s predicting,’ I’m not.”
Last month, former President Trump unveiled a broad plan to impose a 10% baseline tariff on all goods imported into the United States, with even steeper duties targeting China. Trump framed the move as a necessary step to revitalize American manufacturing. However, economists have cautioned that the proposed tariffs could trigger a recession or even more severe economic repercussions.
Last month, former President Trump unveiled a broad plan to impose a 10% baseline tariff on all goods imported into the United States, with even steeper duties targeting China. Trump framed the move as a necessary step to revitalize American manufacturing. However, economists have cautioned that the proposed tariffs could trigger a recession or even more severe economic repercussions.
In a recent series of social media posts, President Trump has issued stark warnings about imposing a 50% tariff on imports from the European Union and 25% penalties on smartphones. These provocative statements highlight Trump’s capacity to influence the global economy with a few swift keystrokes, further intensifying his trade conflict with international partners.
Blue Press Journal 
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